Types of financial aid for college

School grants and scholarships

Grants and scholarships are gift aid that does not have to be repaid, and are available through colleges, universities, and federal, state, and private agencies. Public colleges and universities in Massachusetts also offer tuition and fee vouchers to residents that waive or reduce costs.

Work study


These programs allow students to work part time on or near campus while in college. Earnings may be used for living expenses, books, supplies, and other education-related expenses, but is not automatically deducted from the college bill.

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Loans are available to help families cover the cost of college. Some offer features such as subsidized interest, deferred repayment, and low rates.

Outside scholarships

These may originate from private, local, and national sources and may be awarded based on a variety of factors including financial need, academic merit, artistic or musical talent, or interest in a major.


SOURCE: Massachusetts Educational Financing Authority